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The Australian dollar was the best-performing G7 currency in March, gaining 0.43% against the USD, but it remains down 4.93% year to date. The RBA held rates at 4.35% at its latest meeting and signalled a long pause.
With the RBA on hold and US and UK rates expected to fall first, the Australian dollar's interest-rate disadvantage persists. This is background currency news with little direct effect on feed prices.
exchangerates.org.ukJames ElliotApr 1, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
